Buy Hold Sell: The 5 highest-yield stocks on the ASX

If there is anything we Australians love more than backing the underdog or a Bunnings banger, it's bang for our buck. Perhaps, this is why we worship the ground upon which our dividend stocks walk, with capital gains and a regular share of a company's earnings the reward for our adoration. 

So, in this episode of Buy Hold Sell, we thought we would take it to the experts to get their take on the highest-yielding stocks on the ASX. Livewire's James Marlay spoke to Investors Mutual's Michael O'Neill and Plato Investment Management's Peter Gardner to discuss these five sky-high yield candidates. 

However, a word to the wise, high yield can often be a tantalising trap. For this reason, the highest-yielding stock on this list (around 20% trailing yield), was dubbed a "sell" by both our experts.

Note: The stocks featured in this episode of Buy Hold Sell were chosen for their high trailing dividend yields (dividends over 12 months divided by share price). There are a variety of reasons why yield may be high, for example, a one-off special dividend or a plunging share price. Watch, read or listen to the discussion below. This episode was filmed on 3 February 2021. Trailing yields in edited transcript taken from the date of filming.